My insurance was non-renewed. Now what do I do?

cancelled homeSo you just received a cancellation or a non-renewal from your insurance carrier – now what should you do?  We recommend that you follow the steps listed below:

  1. Ask your insurance agent if there is anything you can do to keep the current coverage, e.g., fixing a roof, cleaning debris from the property, removing animals, etc.
  2. Ask your insurance agent to shop for replacement coverage in the voluntary market.  Many agents have other insurance carriers that may be willing to insure your property.
  3. If you are unsuccessful in finding voluntary coverage, ask your insurance agent for assistance in applying for coverage through the Iowa FAIR Plan Association.  All applications for coverage must be submitted by a licensed insurance agent.
  4. If you need help finding an insurance agent willing to help you with an Iowa FAIR Plan Association application contact us.
  5. Read the Frequently Asked Questions (FAQ) for more information.

Eligibility for a FAIR Plan Policy

The Iowa FAIR Plan Association does not guarantee policy issue. Non-acceptable dwelling or commercial risks include any property that:

  • is vacant or unoccupied or;
  • has one or more open claim(s) or;
  • has unrepaired damages from any previous claim(s) or;
  • is non-compliant with local building codes and/or condemned.

Additionally, properties are ineligible for the Homeowners 8 Program if there are unsafe conditions, including, but not limited to:

  • broken, cracked, uneven or otherwise faulty steps, porches, decks, sidewalks, patios and/or similar areas;
  • downspouts or drains which discharge onto sidewalks and/or driveways;
  • an unfenced swimming pool or private pond;
  • missing or unsafe handrails when three or more steps are present;
  • the property has non-operating vehicles, refrigerators, trampolines or other potentially dangerous objects in the yard;
  • ownership of dogs that are known to be dangerous including, but not limited to,: Pit Bull, Chow Chow, Rottweiler, Akita, Bullmastiff, Greyhound, Briard, Malamute, Boxer, Persa Canario, Husky, Australian Cattle Dog, Dalmatian, Mastiff, Old English Sheep Dog, Belgian Shepherd, Malinois, Great Dane, Border Collie, Doberman,, German Shepherd, Shar-Pei, and Great Pyrenese or;
  • Ownership of three or more horses or other riding animals, unless the applicant has a liability policy with limits of at least $100,000 per occurrence providing coverage for the ownership and use of the horses or other riding animals.

Complete underwriting rules and eligibility guidelines are available on the website.

Replacement Cost vs. Acutual Cash Value

17 Counties Declared “Disaster Emergency”

Contact us if you are in one of the counties affected by the flood and need a grace period during which you can take actions necessary to keep your insurance policy in force. As of September 27, 2016 the following counties are affected: Allamakee, Benton, Black Hawk, Bremer, Buchanan, Butler, Cedar, Cerro Gordo, Chickasaw, Delaware, Floyd, Franklin, Hancock, Linn, Mitchell, Worth and Wright.

Avoid a Lapse in Coverage

Notice to Producers

As you know, producers do not have binding authority. However your clients sometimes need coverage bound ASAP. This is how we can work together to avoid a lapse in coverage for your clients: [Read more…]

Producer Portal Now Available

Introducing Navigator

We are pleased to announce the availability of an on-line producer portal. This portal provides: [Read more…]

Deficiencies in Condition

21303075_sWe are required by state law to inspect 100% of new business. Often the inspections reveal deficiencies in the condition of the property that require additional premium until the deficiency is corrected.

The deficiency charge rate is $1.00 per $1,000 of coverage on both the dwelling and personal property. The following five areas are those subject to the deficiency charge: [Read more…]

New Office Location

The Iowa FAIR Plan Association has moved to a new location.new office map

Iowa FAIR Plan Association
2700 Westown Pkwy Ste 415
West Des Moines, IA 50266-1431

Our telephone, FAX and email have not changed. We look forward to providing you “Fair Access to Insurance Requirements” from our new location!